Jiangsu Sopo Chemical Co.,Ltd. Posted 109.7 Million Yuan Net Loss in First Quarter of 2023

Jiangsu Sopo Chemical Co.,Ltd. (江苏索普化工股份有限公司) (600746.SH) reported a net loss of 109.7 million yuan in the first quarter of 2023, reversing a net profit of 407.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 36.1% year-on-year.

At the end of the reporting period, it had 6.1 billion yuan in total assets and 741.4 million yuan in total liabilities, with a liability-to-asset ratio of 12.1%.